First Watch Restaurant Group Overview

  • Year Founded
  • 1983

Year Founded

  • Status
  • Public

  • Employees
  • 15,000

Employees

  • Stock Symbol
  • FWRG

Stock Symbol

  • Investments
  • 11

  • Share Price
  • $20.00
  • (As of Wednesday Closing)

First Watch Restaurant Group General Information

Description

First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Corporate Office
  • 8725 Pendery Place
  • Suite 201
  • Bradenton, FL 34201
  • United States
+1 (941)
Primary Industry
Restaurants and Bars
Stock Exchange
NAS
Corporate Office
  • 8725 Pendery Place
  • Suite 201
  • Bradenton, FL 34201
  • United States
+1 (941)

First Watch Restaurant Group Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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First Watch Restaurant Group Stock Performance

As of 23-Apr-2025, First Watch Restaurant Group’s stock price is $20.00. Its current market cap is $1.22B with 61M shares.

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$20.00 $19.88 $12.90 - $25.98 $1.22B 61M 687K $0.31

First Watch Restaurant Group Financials Summary

As of 31-Dec-2024, First Watch Restaurant Group has a trailing 12-month revenue of $1.02B.

In Thousands,
USD
TTM 31-Dec-2024 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 1,854,971 1,854,971 1,723,603 1,252,347
Revenue 1,015,910 1,015,910 891,551 730,162
EBITDA 98,381 98,381 85,361 52,053
Net Income 18,925 18,925 25,385 6,907
Total Assets 1,514,356 1,514,356 1,267,045 1,104,446
Total Debt 809,551 809,551 606,966 507,350
Public Fundamental Data provided by Morningstar, Inc. disclaimer

First Watch Restaurant Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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First Watch Restaurant Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch usin
Restaurants and Bars
Bradenton, FL
15,000 As of 2024

Lebanon, TN
 

San Diego, CA
 
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First Watch Restaurant Group Competitors (23)

One of First Watch Restaurant Group’s 23 competitors is Cracker Barrel Old Country Store, a Corporate Backed or Acquired company based in Lebanon, TN.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Cracker Barrel Old Country Store Corporate Backed or Acquired Lebanon, TN
Jack In The Box Formerly PE-Backed San Diego, CA
Denny's Formerly PE-Backed Spartanburg, SC
Pizza Hut (Restaurant) Corporation Petaling Jaya, Malaysia
Olive Garden Corporation Orlando, FL
You’re viewing 5 of 23 competitors. Get the full list »

First Watch Restaurant Group Patents

First Watch Restaurant Group Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-D579788-S1 Watch Inactive 02-May-2007
US-D580277-S1 Watch Inactive 02-May-2007
US-D586667-S1 Watch Inactive 02-May-2007

First Watch Restaurant Group Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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First Watch Restaurant Group Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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First Watch Restaurant Group Investments (11)

First Watch Restaurant Group’s most recent deal was a Corporate Asset Purchase with First Watch Restaurants Group (Three Restaurants along with Their Development Rights in Missouri). The deal was made on 14-Apr-2025.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
First Watch Restaurants Group (Three Restaurants along with Their Development Rights in Missouri) 14-Apr-2025 Corporate Asset Purchase Buildings and Property
First Watch Restaurant Group (Portfolio of 16 Franchise Restaurants in Carolina, United States) 11-Nov-2024 Corporate Asset Purchase Buildings and Property
First Watch Restaurant Group (21 Franchise-Owned Restaurants in North Carolina, United States) 15-Apr-2024 Corporate Asset Purchase Buildings and Property
First Watch Restaurants (Twenty One Franchise Restaurants in North Carolina) 15-Apr-2024 Corporate Asset Purchase Buildings and Property
First Watch Restaurants (Franchise-Owned Restaurant in Broken Arrow, Oklahoma) 22-Jan-2024 Corporate Asset Purchase Buildings and Property
You’re viewing 5 of 11 investments. Get the full list »

First Watch Restaurant Group ESG

Risk Overview

Risk Rating

Updated June, 13, 2024

30.17 | High Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,109

Rank

Percentile

Consumer Services

Industry

of 469

Rank

Percentile

Restaurants

Subindustry

of 142

Rank

Percentile

To view First Watch Restaurant Group’s complete esg history, request access »

First Watch Restaurant Group Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
The Good Egg Scottsdale, AZ 1987

First Watch Restaurant Group FAQs

  • When was First Watch Restaurant Group founded?

    First Watch Restaurant Group was founded in 1983.

  • Where is First Watch Restaurant Group headquartered?

    First Watch Restaurant Group is headquartered in Bradenton, FL.

  • What is the size of First Watch Restaurant Group?

    First Watch Restaurant Group has 15,000 total employees.

  • What industry is First Watch Restaurant Group in?

    First Watch Restaurant Group’s primary industry is Restaurants and Bars.

  • Is First Watch Restaurant Group a private or public company?

    First Watch Restaurant Group is a Public company.

  • What is First Watch Restaurant Group’s stock symbol?

    The ticker symbol for First Watch Restaurant Group is FWRG.

  • What is the current stock price of First Watch Restaurant Group?

    As of 23-Apr-2025 the stock price of First Watch Restaurant Group is $20.00.

  • What is the current market cap of First Watch Restaurant Group?

    The current market capitalization of First Watch Restaurant Group is $1.22B.

  • What is First Watch Restaurant Group’s current revenue?

    The trailing twelve month revenue for First Watch Restaurant Group is $1.02B.

  • Who are First Watch Restaurant Group’s competitors?

    Cracker Barrel Old Country Store, Jack In The Box, Denny's, Pizza Hut (Restaurant), and Olive Garden are some of the 23 competitors of First Watch Restaurant Group.

  • What is First Watch Restaurant Group’s annual earnings per share (EPS)?

    First Watch Restaurant Group’s EPS for 12 months was $0.31.

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